Frequent questions that arise are: Are amounts received from settlement of lawsuits and other legal remedies taxable? Are the legal fees paid in connection with these payments tax deductible? The tax code specifies that all income is taxable from whatever source derived, unless exempted by the Internal Revenue Code.
Anymore, we have a worldwide economy and with that comes a variety of tax issues. Some of these may be relevant to you. The following issues, some of…
When divorced or separated parents have young children it often becomes argumentative as to who claims them. The IRS actually has rules that answer that question. This video will give you a quick explanation of this tax issue. If you need a detailed answer for your specific situation, please give us a call.
Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax credits are significantly less than their pro…
You should be running reports in QuickBooks Online on a weekly—if not daily—basis. Here’s what you need to know…
As a reminder to those who have not yet filed their 2021 tax returns, April 18, is the due date to either file a return (and pay the taxes owed) or file for an automatic extension (and pay an estimate of the taxes owed). The due date is April 18, instead of April 15
These IRS interest rate changes will not affect you if you calculate your liability correctly and pay on time each quarter…
Here are some good reasons to take a closer look at the information on your paystub and understand what it all means. Learn more….
Here are the April 2022 Individual Due Dates…
Inheritances can come in different forms–some are taxable while some are not. Tax treatments for different types of inherited securities can vary and lead to unexpected results without proper planning. Watch this video for a quick view of how your inheritances can be taxed.
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